Optima Group Inc., Fairfield, Conn., has named David B. Master, specialist in retirement plans, as managing director.

Mr. Master counsels banks on how to approach and succeed in the benefits market.

Ulla M. Naukkarinen was promoted to director of research and Rhona H. Heyl was named director.

Ms. Naukkarinen is responsible for developing and coordinating market research and analysis. She joined Optima Group in 1993 from Vantage Global/MPT Associates, a division of Lincoln National Corp.

Ms. Heyl, who was senior associate, is responsible for consulting and managing clients in the retail and institutional markets. Before joining the company in 1994, she was product manager for the Institutional Funds Group at Lehman Brothers.

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